B.—l [PT. IYI.

8

DEFENCE DEPARTMENT—continued. Balance-sheet as at 31st March, 1925. Liabilities. Assets. £ s. d. £ s. d. Capital funds— £ s. d. £ s. d. Public Works FundLiability to Treasury, Land and buildings .. .. 709,478 7 3 Ist April, 1924 .. 3,658,990 710 Additions .. .. .. 26,450 2 5 Value of gifts from — 735,928 9 8 Imperial Govern- Consolidated Fund — ment, .. .. 52,454 2 6 Armament and small-arms ammuni3,711,444 10 4 tion .. .. .. .. 761,870 2 4 Treasury Adjustment Account .. 538,340 5 4 Less Lower Hutt Fire Suspense AcDepreciation Reserve .. .. 41,529 6 3 count .. .. .. .. 16,619 410 Stores Depreciation Reserve.. .. 283,692 19 5 745,250 17 6 Nelson Province Rifle Prize Fund .. 1,019 15 0 Ordnance stocks at vocabulary figures 2,156,426 19 10 Rents received in advance .. .. 160 5 4 Less Stock Adjustment Account .. 80,000 0 0 Sundry creditors .. .. .. 15,720 3 4 2,076,426 19 10 Contract Deposit Account .. .. 10 0 0 Army Service Corps supplies .. .. 536 14 11 Unit equipment and stocks.. .. 432,564 3 8 Less Stock Suspense Account .. .. 139 11 0 Less Lower Hutt Fire Suspense Account .. 1,366 8 2 — 1,505 19 2 431,058 4 6 Less depreciation and stocks consumed .. .. .. 60,529 18 5 370,528 6 1 Stationery and publications.. .. .. 4,312 12 7 Libraries.. .. .. .. 725 6 9 Additions .. .. .. 187 17 8 — 913 4 5 Medals and ribands .. .. .. 385 17 5 Defence vessels and stores .. .. .. 6,757 14 10 Aerial machines and spares.. .. 51,712 4 1 Additions .. .. .. 18,917 14 4 70,629 18 5 Less Aviation Suspense Account .. 2,651 12 6 67,978 5 11 Less depreciation and spares consumed .. .. .. 5,633 4 2 — — 62,345 1 9 Oil and spirits (aircraft) .. .. .. 2,019 711 Wireless sets .. .. .. .. 1,519 13 8 Furniture .. .. .. .. 25,875 4 2 Power-house machinery and stores .. .. 3,268 6 10 Live-stock—Horses at valuation .. .. 337 18 8 Nelson Province Rifle Prize Fund Investment Account .. .. 1,000 0 0 Deposits Account .. .. .. 19 15 0 1,019 15 0 Sundry debtors .. .. .. 742 15 0 Rents accrued .. .. .. 212 0 11 954 15 11 Value of unexpired portion of railway passes. &c. .. .. .. .. 1,063 5 0 Stamps .. .. .. .. .. 259 2 2 Excess of expenditure over income—■ Aviation Revenue Account .. 20,859 14 3 Headquarters General Activities Revenue Account .. .. 170 ,545 15 0 Territorials Revenue Account .. 145,848 3 4 Cadets Revenue Account.. .. 68,332 6 9 Army Ordnance Stores Revenue Account .. .. .. 145,511 12 9 " Janie Seddon " Revenue Account 1,116 4 7 552,213 16 8 £4,591,917 5 0 £4,591,917 5 0 Notes.—(l.) The Balance-sheet includes assets totalling £3,857 15s. lOd. transferred from War Expenses Account for which no payment has been made to that account. (2.) Assets totalling £1,242 15s. 9d. have been transferred to the Naval Defence Department for which no payment has been received. H. M. Griffen, Lieut.-Colonel, Director of Financial Services. Guy C. Felton, Captain, Accountant. I hereby certify that the Revenue Account and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby, subject to the above departmental notes. —G. F. C. Campbell, Controller and Auditor-General.